Sinda (NYSE:SIND) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Sinda (NYSE:SIND) from a hold rating to a sell rating in a research report released on Saturday morning.

SIND has been the subject of several other research reports. BMO Capital Markets assumed coverage on Sinda in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $16.00 price objective for the company. Scotiabank began coverage on shares of Sinda in a report on Tuesday, July 21st. They issued a “sector outperform” rating and a $19.00 target price on the stock. Citigroup started coverage on shares of Sinda in a research note on Tuesday, July 21st. They issued a “buy” rating and a $18.00 target price on the stock. UBS Group set a $19.00 price target on shares of Sinda in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada initiated coverage on shares of Sinda in a research report on Tuesday, July 21st. They set an “outperform” rating and a $19.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Sinda presently has an average rating of “Buy” and a consensus price target of $18.20.

Sinda Stock Performance

Shares of SIND stock opened at $14.00 on Friday. Sinda has a 1-year low of $10.80 and a 1-year high of $15.00.

About Sinda

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.